Martin Marietta stock falls after Wells Fargo cuts target
Published on 09/21/2026 at 20:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Martin Marietta stock (ISIN US5732841060) closed at USD 490.64 on September 18, 2026, and Wells Fargo cut its price target to USD 585.00 from USD 609.00 on September 21, 2026. The move keeps the stock near its 52-week low of USD 488.74.
Wells Fargo trims the target
According to MarketBeat on September 21, 2026, Wells Fargo reduced its target to USD 585.00 from USD 609.00 and kept an overweight rating. The same report said the new target still implies 19.22 percent upside from the then-current price.
MarketBeat also listed a consensus target of USD 666.12 and a market cap of USD 29.47 billion, with the stock's 1-year range at USD 488.74 to USD 710.97. That puts the latest close just USD 1.90 above the 52-week low.
Q2 still matters
For the latest reported quarter, Martin Marietta said on July 30, 2026 that second-quarter EPS was USD 5.00, above consensus of USD 4.76 by USD 0.24. Revenue reached USD 1.95 billion, up 21.0 percent from the same quarter a year earlier.
Martin Marietta also reported a net margin of 36.73 percent in that quarter, while return on equity came in at 9.49 percent. On Yahoo Finance, the stock's trailing P/E stood at 31.94 and trailing EPS at USD 15.36 as of September 18, 2026.
Price near the low
The latest Yahoo Finance snapshot showed Martin Marietta shares at USD 490.64 at the September 18, 2026 close, with volume of 1,146,879 shares and a market cap of USD 34.845 billion. The same page showed the stock 20.92 percent below its 1-year high of USD 710.97.
Martin Marietta stock at a glance
- Company: Martin Marietta Materials, Inc.
- ISIN: US5732841060
- Ticker: MLM
- Trading venue: NYSE
- Price (as of September 18, 2026): USD 490.64
- Market capitalization: USD 34.845 billion (as of September 18, 2026)
- Sector / Industry: Basic Materials / Building Materials
- Index membership: S&P 500
